» Micro economics 2 solved MCQs

There is inverse relation between price and demand for the product of a firm under:

Byadmin April 28, 2021

Question:

There is inverse relation between price and demand for the product of a firm under:

Monopoly only

Monopolistic competition only

Both under monopoly and monopolistic competition

Perfect competition only

Answer» c. Both under monopoly and monopolistic competition

Note:

The above multiple-choice question is for all general and Competitive Exams in India.

» Quantitative Methods for Economic Analysis 1 solved MCQs

People who are available, volunteer, or can be easily recruited are used in the samplingmethod called ______

Question:

People who are available, volunteer, or can be easily recruited are used in the samplingmethod called ______

A.
simple random sampling
B.
cluster sampling
C.
systematic sampling
D.
convenience sampling
Answer» d. convenience sampling

Note: The above multiple-choice question is for all general and Competitive Exams in India.

Read More People who are available, volunteer, or can be easily recruited are used in the samplingmethod called ______
» Micro Economics 1 solved MCQs

If in an economy, out of every additional Rs.100 of national income, Rs.20 is taxed, Rs.20 is saved, and Rs.10 is spent on imports, then the value of multiplier is:

Question:

If in an economy, out of every additional Rs.100 of national income, Rs.20 is taxed, Rs.20 is saved, and Rs.10 is spent on imports, then the value of multiplier is:

A.
2
B.
2.5
C.
3.3
D.
5
Answer» a. 2

Note: The above multiple-choice question is for all general and Competitive Exams in India.

Read More If in an economy, out of every additional Rs.100 of national income, Rs.20 is taxed, Rs.20 is saved, and Rs.10 is spent on imports, then the value of multiplier is:
» Micro Economics 1 solved MCQs

When disposable income rises from Rs 500 to Rs 600 and consumption expenditure changes from Rs 470 to Rs 560, MPC will be equal to

Question:

When disposable income rises from Rs 500 to Rs 600 and consumption expenditure changes from Rs 470 to Rs 560, MPC will be equal to

A.
900
B.
100
C.
0.9
D.
1
Answer» c. 0.9

Note: The above multiple-choice question is for all general and Competitive Exams in India.

Read More When disposable income rises from Rs 500 to Rs 600 and consumption expenditure changes from Rs 470 to Rs 560, MPC will be equal to
» Micro economics 2 solved MCQs

Under perfect competition, MR curve is:

Question:

Under perfect competition, MR curve is:

A.
Horizontal
B.
Vertical
C.
Falling
D.
Rising
Answer» a. Horizontal

Note: The above multiple-choice question is for all general and Competitive Exams in India.

Read More Under perfect competition, MR curve is:
» Mathematical Tools for Economics 2 solved MCQs

Law of variable proportion explainsfor

Question:

Law of variable proportion explainsfor

A.
short run
B.
long run
C.
medium run
D.
none
Answer» a. short run

Note: The above multiple-choice question is for all general and Competitive Exams in India.

Read More Law of variable proportion explainsfor
» Macro Economics 2 solved MCQs

The turning points of the business cycle are

Question:

The turning points of the business cycle are

A.
expansion and peak
B.
peak and contraction
C.
contraction and trough
D.
peak and trough
Answer» d. peak and trough

Note: The above multiple-choice question is for all general and Competitive Exams in India.

Read More The turning points of the business cycle are

There is inverse relation between price and demand for the product of a firm under:

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People who are available, volunteer, or can be easily recruited are used in the samplingmethod called ______

If in an economy, out of every additional Rs.100 of national income, Rs.20 is taxed, Rs.20 is saved, and Rs.10 is spent on imports, then the value of multiplier is:

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